Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India - 2023

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India (FOB) - 2023
2. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India (CIF) - 2022
3. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India
4. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India (FOB) - 2023

In November 2023, the average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $10,341 per ton, declining by -2.2% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 23% against the previous month. The export price peaked at $12,037 per ton in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($10,715 per ton), while the average price for exports to Bangladesh stood at $771 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.3%).

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India (CIF) - 2022

The average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $32,284 per ton in 2022, jumping by 37% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. Over the period under review, average import prices reached the maximum at $37,492 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($37,315 per ton), while the price for Bangladesh ($738 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced a decline.

Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India

After three years of growth, shipments abroad of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s decreased by -33.2% to 2.2K tons in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 36% against the previous year.

In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s declined rapidly to $19M in 2022. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 64%. As a result, the exports reached the peak of $30M, and then reduced dramatically in the following year.

Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from India in 2022:

1. China (1853.5 tons)
2. Bangladesh (300.2 tons)
3. Italy (49.1 tons)

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in India

In 2022, overseas purchases of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s increased by 21% to 32 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a sharp downturn.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s skyrocketed to $1M in 2022. Over the period under review, imports, however, recorded a sharp downturn.

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to India in 2022:

1. China (26.9 tons)
2. Japan (2.8 tons)
3. Indonesia (1.1 tons)
4. Bangladesh (1.1 tons)

Source: IndexBox Market Intelligence Platform